Chirag Amin

Keeping Our Confidence in Strong Energy Stocks

Isjorgren,

Seriously, you actually stated:

'What lunatic would invest in US oil or gas companies when the federal government has expressed its determination to levy astronomically large new taxes on the industr?'

Have you ever heard of cigarettes and Philip Morris?
Have you ever heard of the concept of 'inelastic demand'?
The taxes that Obama will levy on oil companies will most definitely get passed on to the consumer.....if you don't believe it, then try figuring out why the price of cigarettes will soon be $7 a pack.....
Until you figure out a way to run your car on bullcrap, you, like everyone else will stay a slave to big oil.